Blue Owl Capital (NYSE:OWL) Given New $24.00 Price Target at Oppenheimer

Blue Owl Capital (NYSE:OWL) had its price target lifted by Oppenheimer from $21.00 to $24.00 in a report issued on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms also recently weighed in on OWL. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Evercore ISI lifted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. JMP Securities upped their price target on Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler raised their price objective on Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.15.

Blue Owl Capital Price Performance

Shares of OWL opened at $23.85 on Wednesday. Blue Owl Capital has a one year low of $12.11 and a one year high of $24.17. The company has a 50-day simple moving average of $18.72 and a two-hundred day simple moving average of $18.40. The firm has a market capitalization of $34.08 billion, a PE ratio of 198.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter last year, the business posted $0.16 EPS. Analysts expect that Blue Owl Capital will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s payout ratio is currently 600.00%.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently bought and sold shares of the business. Affinity Wealth Management LLC boosted its holdings in shares of Blue Owl Capital by 5.3% during the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after acquiring an additional 675 shares during the last quarter. Raymond James Trust N.A. lifted its position in Blue Owl Capital by 6.7% during the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after purchasing an additional 708 shares during the period. Capital Insight Partners LLC boosted its holdings in Blue Owl Capital by 2.6% in the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after purchasing an additional 815 shares during the last quarter. Great Diamond Partners LLC grew its position in Blue Owl Capital by 2.5% in the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock worth $757,000 after purchasing an additional 1,030 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Blue Owl Capital by 4.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock valued at $479,000 after buying an additional 1,103 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.